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Jan 24, 2013 3:00am PST
at this saying tax receipts could cover only the absolute essentials here so we have to cut into other things. i'm not -- i think it is a sequester that really does bring people out there and show their hand. >> bill: now the deal -- the bill that the house passed yesterday, the republican bill, am i understanding so it says we'll raise the debt ceiling through mid may but senate has to pass a budget, right and if they don't pass a budget, then we won't get paid as members of congress. >> right. >> bill: is that a real threat? i saw something somewhere where congress gets paid no matter what. >> here's a funny thing. obviously it is a gimmick. it is not as if people are really going to go unpaid for a long period of time. there is a constitutional concern. the 27th amendment says you can't pass a law that pays some members of congress more or less than others. the pay would go into escrow. essentially, we'll hold back. >> bill: i got it. >> you get paid at the back end. >> bill: so you put it in a cookie jar or something like that when the time is right -- >> when your time-out is over, you get
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